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As of April 12, 2025, Pi Network (PI) is experiencing a significant rebound. After hitting an all-time low of $0.407 on April 5, PI has surged
output: The price of Pi Network (PI) has been on a tear. After hitting an all-time low of $0.407 on April 5, PI has surged over 50% in the past week. It is now trading at $0.735.
This rally has seen its market capitalization rise to $4.7 billion, placing it among the top 30 cryptocurrencies by market cap.
So what is driving this recent price surge?
One of the main factors behind the recent price surge is the Pi Network’s latest technological advancement — Satellite Mode.
This new technology is designed to expand the reach of the Pi Chain and its native token, PI, to a broader audience. Satellite Mode will enable users in remote areas with limited internet connectivity to participate in the Pi Network ecosystem.
Another factor that could be contributing to the recent price surge is increasing interest in the Pi Network from institutional investors.
Earlier this year, reports surfaced that several major hedge funds had begun accumulating positions in PI. This institutional demand could be pushing the price of PI higher.
Key Technical Levels to Watch For Pi
Support Levels:
Resistance Levels:
RSI Insights: Gauging Market Momentum
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. An RSI above 70 typically indicates overbought conditions, while below 30 suggests oversold conditions.
Recently, PI’s RSI reached 75 on the 4-hour chart, signaling strong bullish momentum. However, high RSI levels can precede price corrections.
Price Predictions: Short to Mid-Term Outlook:
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- SUI Price Recovers Strongly from Recent Lows After Reclaiming the $2.18 Mark. The Price is Now Testing Resistance at $2.22
- Apr 13, 2025 at 01:55 am
- SUI price is recovering strongly from recent lows after reclaiming the $2.18 mark. The price is now testing resistance at $2.22, a key trigger for potential upside continuation.
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